CapMan Press Release 1 April 2015 at 10.00 a.m. EEST
CapMan Nordic Real Estate fund exceeds its initial target size at final closing
CapMan’s latest value-add fund held its final closing at EUR 273 million, exceeding its initial target size, with a support from a number of institutional investors across Europe and the US. The fund invests predominantly in office, retail and residential properties in established and fast-growing submarkets of major Nordic cities.
The CapMan Nordic Real Estate fund has already made six investments deploying approx. one third of its total capital. The investments include office buildings Silverdal I, Apelsinen 4 and Bergshamra Bro in fast-growing and well-connected office areas in Northern Stockholm and the Plaza Presto office building in Finland close to the Helsinki-Vantaa airport. Furthermore, the fund has acquired nine properties on Amagerbrogade and two prime residential properties in central Copenhagen where the residential market is experiencing high demand.
“There are a lot of attractive investment opportunities in our key markets and we are expecting to make a number of new investments this year. Thanks to our local presence and strengthened team, we have excellent resources for value creation. We manage and develop our properties in close cooperation with our tenants,” says Mika Matikainen, Senior Partner and Head of CapMan Real Estate.
Last week the CapMan Nordic Real Estate fund made its latest investment commitment to the development of City Center BROEN, a 29,900 m² shopping centre in Esbjerg, Denmark. The construction of the shopping centre with approx. 70 stores will start in the spring 2015. The development project is carried out in partnership with TK Development A/S.
“The shopping centre has a unique location over the railroad tracks next to the downtown train station with excellent accessibility by car and public transportation. The shopping centre will strengthen the Esbjerg city centre and offer a premier shopping experience for a catchment area of approx. 250,000 people,” comments Torsten Bjerregaard, Senior Partner at CapMan Real Estate.
For further information, please contact:
Mika Matikainen, Senior Partner, Head of CapMan Real Estate, tel. +358 (0)20 720 7616
Torsten Bjerregaard, Senior Partner, CapMan Real Estate, tel. +44 7715 772 554
CapMan www.capman.com
CapMan is one of the European leaders in the private equity industry. For more than 25 years, we have been developing companies and real estate and supporting their sustainable growth. We are committed to understanding the needs of our customers in an ever-changing market environment. We provide attractive returns and innovative solutions for our investors and value adding services for professional investment partnerships, growth-oriented companies and tenants. Our independent investment partnerships – Buyout, Real Estate, Russia and Credit – are responsible for investment activities and value creation. CapMan’s service business offering includes fundraising advisory services, purchasing activities and fund management services to both internal and external customers. CapMan has 100 private equity professionals and assets under management of 3.0 billion.
